Transcend Capital Advisors LLC Boosts Stock Position in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Transcend Capital Advisors LLC raised its stake in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 150.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,133 shares of the company’s stock after acquiring an additional 40,277 shares during the period. Transcend Capital Advisors LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $1,549,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new position in Invesco Variable Rate Preferred ETF during the 4th quarter worth approximately $69,000. Fifth Third Bancorp increased its position in Invesco Variable Rate Preferred ETF by 99.3% during the 4th quarter. Fifth Third Bancorp now owns 8,700 shares of the company’s stock worth $201,000 after purchasing an additional 4,335 shares during the period. Belpointe Asset Management LLC increased its position in Invesco Variable Rate Preferred ETF by 22.6% during the 3rd quarter. Belpointe Asset Management LLC now owns 11,350 shares of the company’s stock worth $254,000 after purchasing an additional 2,090 shares during the period. Blair William & Co. IL increased its position in Invesco Variable Rate Preferred ETF by 8.0% during the 3rd quarter. Blair William & Co. IL now owns 11,534 shares of the company’s stock worth $258,000 after purchasing an additional 859 shares during the period. Finally, Insigneo Advisory Services LLC increased its position in Invesco Variable Rate Preferred ETF by 23.5% during the 3rd quarter. Insigneo Advisory Services LLC now owns 14,211 shares of the company’s stock worth $318,000 after purchasing an additional 2,700 shares during the period.

Invesco Variable Rate Preferred ETF Stock Performance

NYSEARCA VRP traded up $0.04 on Friday, hitting $23.52. 273,150 shares of the company’s stock were exchanged, compared to its average volume of 352,723. The firm’s 50-day moving average price is $23.62 and its two-hundred day moving average price is $23.07. Invesco Variable Rate Preferred ETF has a fifty-two week low of $21.36 and a fifty-two week high of $23.87.

Invesco Variable Rate Preferred ETF Company Profile

The Invesco Variable Rate Preferred ETF (VRP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of variable- and floating-rate preferred stocks. VRP was launched on May 1, 2014 and is managed by Invesco.